Eastman to Buy Virginia Window Film Manufacturer
March 17, 2014
Eastman Chemical Co. has entered into a definitive agreement to acquire Commonwealth Laminating & Coating, Inc. The company, which had 2013 sales revenue of approximately $100 million, is an independent manufacturer and global marketer and distributor of window films and specialty films for architectural, automotive, and protective applications. The acquisition will include Commonwealth’s manufacturing facility and master distribution center in Martinsville, Va. and nine sales distribution centers that serve the global market.
“With Commonwealth, Eastman extends our performance films global offerings for solar-control window film and protective film applications. Adding Commonwealth supports our strategy of providing targeted and effective product, brand and service solutions to meet the specific needs of our global, diverse customers and end-users,” says Brad Lich, executive vice president.